NEW YORK, Aug. 14, 2015 /PRNewswire/ -- On behalf of funds that it manages, Paulson & Co. today voted all of its 21.9 million Mylan (NASDAQ: MYL) shares in support of the proposed merger with Perrigo (NYSE: PRGO).
John Paulson, President of Paulson & Co., said "The combination of Mylan's unparalleled generic capabilities with Perrigo's attractive OTC platform would create a global pharmaceutical powerhouse. The combined company will benefit from the growth in generics and OTC plus the migration of generics to OTC for many years to come. Mylan management has a successful track record of integrating acquisitions. The transaction is expected to be accretive based on cost synergies alone and likely meaningfully accretive when revenue synergies are taken into account."
Paulson & Co., founded in 1994 is an investment management firm specializing in event-driven strategies. Paulson has approximately US$20 billion in assets under management and has offices in New York, London and Hong Kong.
SOURCE Paulson & Co. Inc.